Why Russia’s grip on Europe’s gas market is weakening

The Wall Street Journal publishes an article predicting more troubles ahead for Russian gas exports. The average Gazprom price charged for 1,000 cubic meters in 2014 was $352.70, but it will go down between $200-$250 in 2015. Part of the reason is that Ukraine bought 95% of its gas from Russia in 2013, but only 70% in 2014. This will go further down as Kiev intends to get 60% of its needs in 2015 from the EU via reverse flow.


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